Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M
400 Lincoln St Hingham, MA 02043, USA
$45,250,000
$354/SF
Building Size
127,505 SF
Asset Type
Retail
Closing
May 15, 2023
AI
An retail property located at 400 Lincoln Street in Hingham, MA has been sold in a transaction. The property spans a total of 127,505 square feet and was sold for a price of $45,250,000, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $45,250,000
- Square Footage: 127,505
- Address: 400 Lincoln Street, Hingham, MA
- Market: Hingham, MA
Jumbo Capital acquired the property from AEW Capital Management. The transaction was facilitated by the brokers Robert Griffin, Jonathan Martin, and Paul Penman of Newmark.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93